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Manulife Global Unconstrained Bond Fund Advisor Series

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020, 2019, 2018, 2017, 2016

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NAVPS
(05-24-2024)
$7.63
Change
$0.00 (-0.03%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Manulife Global Unconstrained Bond Fund Advisor Series

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Fund Returns

Inception Return (June 16, 2011): 4.52%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.94% -0.05% 7.35% 0.66% 5.05% 1.77% -2.22% 1.72% 0.80% 1.52% 1.46% 2.77% 3.00% 3.43%
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 230 / 294 256 / 294 182 / 294 200 / 294 242 / 288 247 / 285 260 / 276 248 / 269 232 / 262 206 / 243 190 / 230 158 / 196 91 / 185 66 / 169
Quartile Ranking 4 4 3 3 4 4 4 4 4 4 4 4 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.16% 1.01% 0.79% -0.41% -1.08% -1.28% 3.94% 2.61% 0.71% 0.11% 0.80% -0.94%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

6.47% (January 2015)

Worst Monthly Return Since Inception

-12.47% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.00% 6.76% 11.53% 5.01% -2.24% 11.77% 7.41% -0.34% -12.95% 6.73%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 1 1 3 2 2 2 1 4 4 4
Category Rank 10/ 166 13/ 178 116/ 195 102/ 223 109/ 235 82/ 260 40/ 268 244/ 270 255/ 279 245/ 288

Best Calendar Return (Last 10 years)

11.77% (2019)

Worst Calendar Return (Last 10 years)

-12.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 80.55
Cash and Equivalents 6.31
Mortgages 6.24
Foreign Bonds - Other 3.87
Foreign Government Bonds 2.36
Other 0.67

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.69
Cash and Cash Equivalent 6.30
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.39
Europe 3.95
Latin America 1.93
Asia 0.44
Africa and Middle East 0.30
Other -0.01

Top Holdings

Top Holdings
Name Percent
US Dollar -
Lamb Weston Holdings Inc 4.13% 31-Jan-2030 -
Enbridge Inc 8.50% 15-Oct-2033 -
Barclays PLC 8.00% PERP -
Qorvo Inc 3.38% 01-Apr-2026 -
BANK OF AMERICA CORP FRN 6.10% 31-Dec-2049 -
Newell Brands Inc 6.38% 15-Sep-2027 -
ALTICE FINANCING SA 9.63% 15-Jul-2027 -
Caesars Entertainment Inc 7.00% 15-Feb-2030 -
Neighborly Issuer LLC 7.31% 30-Jan-2053 -

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Manulife Global Unconstrained Bond Fund Advisor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.75% 9.15% 7.40%
Beta 0.81% 1.03% 0.81%
Alpha -0.05% -0.02% -0.01%
Rsquared 0.54% 0.63% 0.57%
Sharpe -0.61% -0.08% 0.30%
Sortino -0.79% -0.24% 0.12%
Treynor -0.06% -0.01% 0.03%
Tax Efficiency - - 41.16%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.54% 7.75% 9.15% 7.40%
Beta 0.48% 0.81% 1.03% 0.81%
Alpha 0.00% -0.05% -0.02% -0.01%
Rsquared 0.15% 0.54% 0.63% 0.57%
Sharpe 0.05% -0.61% -0.08% 0.30%
Sortino 0.74% -0.79% -0.24% 0.12%
Treynor 0.01% -0.06% -0.01% 0.03%
Tax Efficiency 63.58% - - 41.16%

Fund Details

Start Date June 16, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,669

Fund Codes

FundServ Code Load Code Sales Status
MMF14432
MMF4232
MMF4332
MMF4432
MMF44432
MMF44732
MMF4527
MMF4532
MMF4732

Investment Objectives

The Fund’s investment objectives are to provide securityholders with monthly distributions and to preserve capital while providing the opportunity for long-term capital appreciation. The Fund has been created to invest in an actively managed portfolio comprised primarily of fixed income securities of global issuers, including corporate bonds (investment grade and high yield) and government bonds (developed and emerging markets).

Investment Strategy

The Fund is actively managed by the portfolio sub-advisors. In order to achieve its investment objectives, the portfolio sub-advisors will opportunistically invest across the spectrum of global government and corporate debt securities, of any quality or term. In addition, the portfolio sub-advisors will actively manage the fund's regional, country and currency allocations, and may invest in securities from both developed and emerging markets.

Portfolio Manager(s)

Name Start Date
Neal Capecci 07-02-2013
John Addeo 07-02-2013
Endre Pedersen 07-02-2013
Roberto Sanchez-Dahl 07-02-2013
Paolo Valle 07-02-2013
Daniel S. Janis III 07-02-2013
Jimond Wong 07-02-2013
Dennis F. McCafferty 09-13-2018
Caryn Rothman 02-21-2020
Manulife Investment Management (Europe) Limited 08-02-2021
Manulife Investment Management (Singapore) Pte.Ltd 08-02-2022

Management and Organization

Fund Manager Manulife Investment Management Limited
Advisor Manulife Investment Management Limited
Custodian RBC Investor Services Trust (Canada)
Registrar Manulife Investment Management Limited
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.67%
Management Fee 1.30%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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